Maxine Waters Calls for Withdrawal of Crypto Proposal in Retirement Accounts
Maxine Waters, a leading Democrat on the House Financial Services Committee, has urged the Department of Labor to retract its proposal allowing cryptocurrency in 401(k) plans.
Editorial Staff
1 min read
Updated 4 days ago
On June 26, 2026, Maxine Waters, the ranking Democrat on the House Financial Services Committee, expressed her strong opposition to including cryptocurrency in 401(k) retirement plans.
Waters has formally requested that the Department of Labor withdraw its proposal that would permit alternative assets, including digital currencies, in retirement accounts.
Her stance reflects ongoing concerns among some lawmakers regarding the volatility and risks associated with cryptocurrencies in retirement savings.